Answer:The solution is in the attached file
Step-by-step explanation:
<em>Ohhh, interest problems. I haven't done an equation like this in a long time, but I will attempt.</em>
<em>I would say that the answer is the 2nd option. The equation is i = (5200)(0.06)(2.5).</em>
<em>The traditional interest formula is I = (P)(R)(N).</em>
<em>P = the original amount of money given</em>
<em>R = interest rate</em>
<em>N = the amount of time</em>
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<em>I hope this answers your question (and that I understood the question correctly!).</em>
<em>-Toremi</em>
A] Given that the last years's sales was $144,600 and this years sales should increase by 1/3. Then:
i] Amount the sales should increased by will be:
(last year's sales)*(increase)
=144,600*(1/3)
=48,200
ii] The sales in the new year will be:
(last year's sales)+(increase)
=144600+48600
=$192, 800
2] Given that the sales of hifi which included 6% tax was 205,000. The actual sales was:
Actual percentage sales=100%
percentage sales after taxation=100-6=94%
thus the actual sales was:
(100)/(94)*205,000
=218, 085.1064
3]Given that the rate per $100 is $0.83, and the insurance was for 90000, the insurance premium will be:
(total insurance) *(unit rate)/(number of units)
plugging the values we obtain:
90000*0.83/100
$747